Rebank: Fintech Analysis

Today we explore the wild and wondrous world of equity primary markets. We're joined by Anand Sambasivan, Co-Founder and CEO of PrimaryBid, Marcus Stuttard, Head of UK Primary Markets for the London Stock Exchange, and Aman Ghei, Principal at Finch Capital. To get the conversation started, former investment bankers Anand and Aman walk us through the quirky and questionable dynamics of investment bank led IPOs and share sales. We then explore alternatives to that model, including direct listings, along with a number of interesting considerations about private vs. public market capital raising, risk taking vs. value capture, preference stacks and more. For all of our past episodes, and to sign up to our newsletter, please visit www.bankingthefuture.com Thank you very much for joining us today. Please welcome Anand Sambasivan, Marcus Stuttard and Aman Ghei.

Richard Gendal Brown is the CTO of R3, an enterprise blockchain company backed by a number of high profile strategic investors. R3 has been working on its Corda platform since the early days of blockchain mania and is now actively supporting projects and implementations in syndicated lending, trade settlement, supply chain management and more. In this conversation, Richard reconciles the early hype around blockchain with the current meaningful real world implementations and describes where early adopters are planning to take the technology. For all of our past episodes, and to sign up to our newsletter, please visit www.bankingthefuture.com Thank you very much for joining us today. Please welcome, Richard Gendal Brown.

Ned Phillips is the Founder and CEO of Bambu, a white-label roboadvisory platform. Backed by Franklin Templeton, among others, Bambu builds roboadvisory offerings for banks, investments firms and other consumer-facing businesses. In this conversation, we discuss the limitations of current roboadvisory offerings, the reasons banks have trouble designing solutions for customers and where the space goes from here. Prior to founding Bambu, Ned was the Managing Director of Asia for E-Trade and brings a decades long perspective on digital investments to this conversation. I'm a firm believer in the power of technology in personal financial management as much as in any other vertical, and we've only just scratched the surface. For all of our past episodes, and to sign up to our newsletter, please visit www.bankingthefuture.com Thank you very much for joining us today. Please welcome, Ned Phillips

Sean Hanafin is the Group President of Greensill, a modern supply chain finance provider that has raised an astonishing $1.5 billion in equity this year alone. Backed by General Atlantic and Softbank, Greensill is aiming to quickly scale its technology-driven supply chain finance offering across the largest markets in the world. On top of that, the company is looking to leverage an approach similar to its B2B financing model to unlock daily salary access for public and private sector employees, ending payday lending forever. With a banking license in Germany, a team of highly experienced senior bankers and aspirations to reimagine the multi-hundred billion dollar global supply chain finance market, it's safe to say this is no ordinary fintech startup. For all of our past episodes, and to sign up to our newsletter, please visit www.bankingthefuture.com

Charlie Delingpole is the Founder and CEO of ComplyAdvantage, a global AML, sanctions screening and transaction monitoring company. Backed by Balderton and Index, the latter of which led a $30-million Series B in the company in January, ComplyAdvantage is scaling beyond financial services to deliver real-time compliance monitoring across industries. We're joined in today's conversation by Aman Ghei, a Principal at Finch Capital, one of the most active early stage fintech funds in Europe and Southeast Asia. For all of our past episodes, and to sign up to our newsletter, please visit www.bankingthefuture.com Thank you very much for joining us today. Please welcome, Charlie Delingpole and Aman Ghei

Kristo Käärmann is the co-founder and CEO of TransferWise, a payments company fighting to break banks' usurious grip on FX and international transfers. TransferWise is one of Europe's greatest fintech success stories, most recently valued at $3.5 billion in a secondary offering earlier this year. The company has nearly 2,000 employees around the world, moves $5.5 billion a month between nearly 100 countries and saves customers over $1 billion a year in fees. In this conversation, Kristo and I discuss the evolution of international payments, how TransferWise helps banks as much as challenges them and how competition will shape the digital banking space. For all of our past episodes, and to sign up to our newsletter, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Kristo Käärmann.

Freddy Kelly is the Founder and CEO of Credit Kudos, a UK company redesigning the credit bureau for the modern age. Unhappy with the inaccuracy, opaqueness and questionable data ethics of the traditional model, Credit Kudos is using Open Banking, machine learning and customer consent in an attempt to create a more transparent, more predictive credit scoring system. In addition to the insights we deliver through our podcast and newsletter, Rebank offers advisory services to fintechs, banks and corporates. Drawing on our experience starting, running and advising fintech businesses and our vast network of the most impactful fintech entrepreneurs, investors and innovators around the world, we help companies make sense of fintech, work through specific questions and optimize proposition and strategy.> For more information about our services, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Freddy Kelly.

Immad Akhund is the founder and CEO of Mercury, a bank for startups. Mercury, which launched to market in April, has raised $26 million from Andreessen Horowitz and a number of others, including the founder of Silicon Valley Bank, a respected player in the startup banking space. Mercury offers FDIC-insured checking and savings accounts, along with payments, cashflow analytics and API-access to its customers and plans to continue rolling out functionality. The startup banking space is hot, with players like Brex and Divvy capitalizing on the credit card and corporate spend side, and new players like Mercury exploring banking more comprehensively. We hope you'll bear with us on audio quality today. We picked up a bit of background noise while recording, but the conversation itself is great. In addition to the insights we deliver through our podcast and newsletter, Rebank offers advisory services to fintechs, banks and corporates. Drawing on our experience starting, running and advising fintech businesses and our vast network of the most impactful fintech entrepreneurs, investors and innovators around the world, we help companies make sense of fintech, work through specific questions and optimize proposition and strategy. For more information about our services, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Immad Akhund.

Naftali Harris is the Co-Founder and CEO of SentiLink, a synthetic fraud prevention company. Naftali was the first data science hire at Affirm, where he built some of the lender's first fraud models. For the past couple years, Naftali has been working to solve the problem of synthetic fraud, a surprisingly pervasive and little-discussed source of credit losses for banks. Earlier this year, SentiLink raised a $14 million Series A round led by Andreessen Horowitz, in which Affirm's Max Levchin, and Plaid CEO Zach Perret also participated. In addition to the insights we deliver through our podcast and newsletter, Rebank offers advisory services to fintechs, banks and corporates. Drawing on our experience starting, running and advising fintech businesses and our vast network of the most impactful fintech entrepreneurs, investors and innovators around the world, we help companies make sense of fintech, work through specific questions and optimize proposition and strategy. For more information about our services, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Naftali Harris.

Lex Sokolin is the Global Fintech Co-Head at ConsenSys, the leading crypto software development studio and venture builder. As regular listeners know, Lex is one of the world's leading authorities on the intersection of crypto, disruptive technologies and financial services. In this conversation, we get Lex's perspective on where crypto is focused today, the emergence of decentralized finance and the practical implications for financial services. In addition to the insights we deliver through our podcast and newsletter, Rebank offers advisory services to fintechs, banks and corporates. Drawing on our experience starting, running and advising fintech businesses and our vast network of the most impactful fintech entrepreneurs, investors and innovators around the world, we help companies make sense of fintech, work through specific questions and optimize proposition and strategy. For more information about our services, please visit www.bankingthefuture.com.